The analysis focuses on the Ethereum chart, highlighting the importance of the $4,500 level, which has been maintained. The analysis suggests that the D wave or B wave might have topped, indicating a local price top formation. It mentions that breaking below $4,500 increases the probability of the E wave of a triangle formation. A complete A, B, C, D, E structure is suggested, and blue levels indicate support levels after $4,500. The analyst shares the next support levels on Discord. The analysis suggests a potential downward movement if the $4,500 level is breached.